The U.S. Tax Code

[P@triot]

It isn’t such a shame that half of the left is so profoundly ignorant of basic economics and the other half is so unethical and devious that the egregiously lie about economics so that they can mooch off of society.

One would have expected gross revenue to plummet in February once the new tax rates were applied to withholdings for this year. My withholdings dropped already for the last two weeks in January but by February everyone should have seen the effects of the tax cut and revenue to the Treasury should have shrunk noticeably. After all, on some measure this was the largest tax cut in history. Yet compared with February 2017, gross revenue was nearly unchanged. It actually ticked up very slightly by $1.36 billion.

Conservatives have known this for decades and decades. It’s just basic math and it indisputably proves the Laffer Curve. Revenues to the government went up after the tax cuts (because more people were employed in a better economy thanks to the tax cuts, which provides the government with a significantly large pool of people to tax). Which in turn, proves that we unquestionably have a spending problem and not a revenue problem.

How about that? Revenue stays the same after massive tax cut

So, ignorant conservative....how are revenues in Kansas and Oklahoma?

So...profoundly ignorant progressive...why do you attempt to hijack the thread and avoid discussing the fact that revenues to the federal government increased after tax cuts? Oops.

In addition, why do you ignore the thriving economies of Texas, Wisconsin (under Scott Walker), and North Dakota (among many other states)? Oops again.

How dumb do you feel right now?

 

[otto105]

It isn’t such a shame that half of the left is so profoundly ignorant of basic economics and the other half is so unethical and devious that the egregiously lie about economics so that they can mooch off of society.

One would have expected gross revenue to plummet in February once the new tax rates were applied to withholdings for this year. My withholdings dropped already for the last two weeks in January but by February everyone should have seen the effects of the tax cut and revenue to the Treasury should have shrunk noticeably. After all, on some measure this was the largest tax cut in history. Yet compared with February 2017, gross revenue was nearly unchanged. It actually ticked up very slightly by $1.36 billion.

Conservatives have known this for decades and decades. It’s just basic math and it indisputably proves the Laffer Curve. Revenues to the government went up after the tax cuts (because more people were employed in a better economy thanks to the tax cuts, which provides the government with a significantly large pool of people to tax). Which in turn, proves that we unquestionably have a spending problem and not a revenue problem.

How about that? Revenue stays the same after massive tax cut

So, ignorant conservative....how are revenues in Kansas and Oklahoma?

So...profoundly ignorant progressive...why do you attempt to hijack the thread and avoid discussing the fact that revenues to the federal government increased after tax cuts? Oops.

In addition, why do you ignore the thriving economies of Texas, Wisconsin (under Scott Walker), and North Dakota (among many other states)? Oops again.

How dumb do you feel right now?

I don't, I feel for you and your stupid belief art laugher.

Both conservative governors of Kansas (Especial brownback) and Oklahoma used good olde art laffer and his curve to use their states as real life experiments of the economic policies that you blindly advocate for.

This begs the question, did the experiment work?

None of the states that you cite have used the laffer experiment in their states, so your comparison is useless. In fact the economy of Wisconsin is hardly thriving. Walker hasn't created his promised 250,000 jobs in his first and he's in his 8th year. Wisconsin is 40th in job growth and trails all its neighbors in same category. He just gave 3 Billion in taxpayer money away to a Taiwanese company and soon will be forced to give more money away to our location corporations such as Harley Davidson.

 

[P@triot]

Both conservative governors of Kansas (Especial brownback) and Oklahoma used good olde art laffer and his curve to use their states as real life experiments of the economic policies that you blindly advocate for.

“Blindly advocate for”? Snowflake, this is real world, proven economic policy. Proven yet again by the results of the Republican tax cuts. And you continue to ignore the indisputable facts while refusing to produce anything of value to dispute it. I posted a link to data. You’ve posted nothing but partisan hack propaganda.

 

[P@triot]

This begs the question, did the experiment work?

We already answered that question. Revenues to the government in February of 2018 increased after tax cuts compared to February of 2017 without the tax cuts.

 

[otto105]

This begs the question, did the experiment work?

We already answered that question. Revenues to the government in February of 2018 increased after tax cuts compared to February of 2017 without the tax cuts.

Dude, that is not a comparison about the tax cut.

Home ownership is up over 2017 too, is that due to tax cut too?


Answer the question, is the laffer curve experiments in Kansas and Oklahoma successful or not? Seems to everyone on the planet brownback ran from Kansas, but maybe you can shed light on that.

In 2001 gwb cut federal taxes to "raise" revenue. So another question is what year did revenue exceed the level collected by the government in 2001? According to you it should have been 2002, but it wasn't...

 

[otto105]

This begs the question, did the experiment work?

We already answered that question. Revenues to the government in February of 2018 increased after tax cuts compared to February of 2017 without the tax cuts.

You haven't answered shit.

When is the first one going to happen?

 

[P@triot]

Dude, that is not a comparison about the tax cut.

That’s exactly what it is...

Home ownership is up over 2017 too, is that due to tax cut too?

Uh...yeah. Guess what happens when people have more money in their pocket? They can afford things that they couldn’t afford when they had less money in their pocket.

 

[otto105]

Dude, that is not a comparison about the tax cut.

That’s exactly what it is...

Home ownership is up over 2017 too, is that due to tax cut too?

Uh...yeah. Guess what happens when people have more money in their pocket? They can afford things that they couldn’t afford when they had less money in their pocket.

So you're really saying that because of a tax cut enacted in Feb 2018 that people from Feb 2017 to Feb 2018 had more money in their pockets to purchase homes?

Also, you cited a flat revenue number from tax receipts collected in Feb 2017 to Feb 2018 as proof of revenues "increasing" because of a payroll tax change? Seems to me that having an additional 2.4 million people in the labor force would/should have more effect on tax revenue, but your the idiot trying judge apples as oranges.

 

[P@triot]

Also, you cited a flat revenue number from tax receipts collected in Feb 2017 to Feb 2018 as proof of revenues "increasing" because of a payroll tax change? Seems to me that having an additional 2.4 million people in the labor force would/should have more effect on tax revenue, but your the idiot trying judge apples as oranges.

You are 100% correct. That’s the point (which you are apparently not bright enough to grasp despite stating it ).

History has proven time and time again that businesses will expand their business when they have the money to do so. Conservative policy leaves their money in their pocket to hire more staff. Failed left-wing policy takes more and more of their money until businesses are forced to contract.

This is what the entire Laffer Curve is about. Lower taxes result in a larger work force resulting in a large pool of taxable income. You actually just supported what you claim doesn’t work.

 

[otto105]

Also, you cited a flat revenue number from tax receipts collected in Feb 2017 to Feb 2018 as proof of revenues "increasing" because of a payroll tax change? Seems to me that having an additional 2.4 million people in the labor force would/should have more effect on tax revenue, but your the idiot trying judge apples as oranges.

You are 100% correct. That’s the point (which you are apparently not bright enough to grasp despite stating it ).

History has proven time and time again that businesses will expand their business when they have the money to do so. Conservative policy leaves their money in their pocket to hire more staff. Failed left-wing policy takes more and more of their money until businesses are forced to contract.

This is what the entire Laffer Curve is about. Lower taxes result in a larger work force resulting in a large pool of taxable income. You actually just supported what you claim doesn’t work.

God, your an idiot.

www.cbpp.org/blog/timeline-5-years-of-kansas-tax-cut-disaster

Excerpt

Five years ago this week, Kansas Governor Sam Brownback signed one of the biggest income tax cuts a state has ever enacted, promising that they’d act “like a shot of adrenaline into the heart of the Kansas economy.” Tax cut promoters Art Laffer and Stephen Moore, who helped design the cuts, said they would produce an “immediate and lasting boost” to the state’s economy. Rather than fueling an economic surge, however, the tax cuts have wreaked havoc on Kansas’ budget, as the timeline below shows.

Revenues fell $700 million in the first year and have never recovered, even as the costs of education and other services have risen with inflation and population growth. That’s left the state with a serious budget imbalance, which the governor and lawmakers have tried to paper over by draining operating reserves and raiding the state highway fund at the expense of needed road projects, among other dubious maneuvers.

A laugher indeed.

 

[otto105]

www.forbes.com/sites/beltway/2017/06/07/the-great-kansas-tax-cut-experiment-crashes-and-burns/#4ce492e25508

 

[otto105]

And on to Oklahoma...

History of tax cuts catches up to Oklahoma as state struggles to fund schools, troopers and more amid shortfall

Excerpt

There’s been this persistent argument that if we cut taxes, the economy will grow enough to make up for the lost revenue, and it just simply doesn’t happen,” said economist Mickey Hepner, the dean of the University of Central Oklahoma’s College of Business.

Oklahoma isn’t the only red state in tax-cut distress. Lawmakers in GOP-led Kansas, Indiana, Missouri and Mississippi are debating ways of raising more revenue to ease budget problems. In neighboring Arkansas, where Republicans recently won control of the statehouse, GOP leaders approved a more modest tax cut proposal than many conservatives wanted.

 

[P@triot]

Also, you cited a flat revenue number from tax receipts collected in Feb 2017 to Feb 2018 as proof of revenues "increasing" because of a payroll tax change? Seems to me that having an additional 2.4 million people in the labor force would/should have more effect on tax revenue, but your the idiot trying judge apples as oranges.

You are 100% correct. That’s the point (which you are apparently not bright enough to grasp despite stating it ).

History has proven time and time again that businesses will expand their business when they have the money to do so. Conservative policy leaves their money in their pocket to hire more staff. Failed left-wing policy takes more and more of their money until businesses are forced to contract.

This is what the entire Laffer Curve is about. Lower taxes result in a larger work force resulting in a large pool of taxable income. You actually just supported what you claim doesn’t work.

God, your an idiot.

Says the dimwit who declared the Laffer Curve a joke and then turned around and claimed that the increased tax revenues was the result of a larger work force - the exact premise of the Laffer Curve.

I can understand why you are lashing out. You really humiliated yourself on this one.

 

[P@triot]

And on to Oklahoma...

There’s been this persistent argument that if we cut taxes, the economy will grow enough to make up for the lost revenue, and it just simply doesn’t happen,” said economist Mickey Hepner, the dean of the University of Central Oklahoma’s College of Business.

History of tax cuts catches up to Oklahoma as state struggles to fund schools, troopers and more amid shortfall

Except that that is exactly what happens. It just happened. My link proved it. Indisputably, unequivocally proved it.

 

[otto105]

Also, you cited a flat revenue number from tax receipts collected in Feb 2017 to Feb 2018 as proof of revenues "increasing" because of a payroll tax change? Seems to me that having an additional 2.4 million people in the labor force would/should have more effect on tax revenue, but your the idiot trying judge apples as oranges.

You are 100% correct. That’s the point (which you are apparently not bright enough to grasp despite stating it ).

History has proven time and time again that businesses will expand their business when they have the money to do so. Conservative policy leaves their money in their pocket to hire more staff. Failed left-wing policy takes more and more of their money until businesses are forced to contract.

This is what the entire Laffer Curve is about. Lower taxes result in a larger work force resulting in a large pool of taxable income. You actually just supported what you claim doesn’t work.

God, your an idiot.

Says the dimwit who declared the Laffer Curve a joke and then turned around and claimed that the increased tax revenues was the result of a larger work force - the exact premise of the Laffer Curve.

I can understand why you are lashing out. You really humiliated yourself on this one.

Are really trying to assert that a tax cut in Feb 2018 increased tax revenue before it was enacted? The only thing that you have proved is that a tax cut in Feb 2018 erased any gains from more people working under the old tax rules.


Fucking idiot.

 

[P@triot]

Low tax conservative policy = universal prosperity

High tax progressive policy = universal poverty

History has proven it over and over and over without exception...

Tax Reform Is Boosting Take-Home Pay for Millions of Americans

 

[P@triot]

Nothing ends in failure like idiotic left-wing policy...

Amazon’s vice president, Drew Herdener, said, “I can confirm that pending the outcome of the head tax vote by City Council, Amazon has paused all construction planning on our Block 18 project in downtown Seattle and is evaluation options to sub-lease all space in our recently leased Rainier Square building.”

This also unequivocally proves that progressives lie about taxes. They claim taxes have absolutely no negative impact on businesses, their growth, or jobs. Oops. Here is a business halting their expansion - which is halting all current construction and all future Amazon jobs - because of high progressive taxes. And Amazon is an extreme left-wing company too, so this is no “ring-wing” company pulling some stunt.

With threat of a proposed ‘head tax,’ Amazon halts further construction in Seattle

 

[P@triot]

It is inexcusable that half of this nation is forced to carry the other half. I am really sick of the parasite class.

In 2015, the top 50% of taxpayers paid 97.2% of all individual income taxes.

This is unsustainable and it will lead to our collapse. It is high time we end the handouts and force these parasites to fend for themselves.

Paying Taxes Makes You a More Conscious Citizen

 

[otto105]

Low tax conservative policy = universal prosperity

High tax progressive policy = universal poverty

History has proven it over and over and over without exception...

Tax Reform Is Boosting Take-Home Pay for Millions of Americans

Low tax conservative policy = universal prosperity

If prosperity is defined by only counting the top 1% Examples of this are found in States like Mississippi and Alabama where poverty is widespread and per capita income lags most other states.

High tax progressive policy = universal poverty

If poverty is defined as counting the wealth and well being of all people in the state. Examples of this are any of the higher tax states that fund education which in turn leads to more entrepreneurship and wealth building.


History has proven that NO country or state that has ever been a low conservative tax state risen to be a world or national power.

 

[otto105]

Nothing ends in failure like idiotic left-wing policy...

Amazon’s vice president, Drew Herdener, said, “I can confirm that pending the outcome of the head tax vote by City Council, Amazon has paused all construction planning on our Block 18 project in downtown Seattle and is evaluation options to sub-lease all space in our recently leased Rainier Square building.”

This also unequivocally proves that progressives lie about taxes. They claim taxes have absolutely no negative impact on businesses, their growth, or jobs. Oops. Here is a business halting their expansion - which is halting all current construction and all future Amazon jobs - because of high progressive taxes. And Amazon is an extreme left-wing company too, so this is no “ring-wing” company pulling some stunt.

With threat of a proposed ‘head tax,’ Amazon halts further construction in Seattle

So, Amazon must have chosen a "low tax conservative" city then....